Please know that the SEC rules aren't hard to follow, but make sure my friend to dot the I's and cross T's so you don't run afoul and get yourself in trouble.

Thanks Tyson Cross.

After you accumulate dozens of loans, let them marinate for a couple years on your tax returns... then refinance them all into a commercial pool loan, cross collateralizing the debt.  

Watch for releases, too, because it's not uncommon for some people to get an IRS lien and pay it off, then get another one so you'll need to cross-reference the releases with recorded liens to see which are still active.Since general liens are recorded in the owner's name, any IRS lien recorded after you buy the property would automatically attach to all properties owned by the person but wouldn't attach to the one you bought because the taxpayer doesn't own it anymore once you've bought it.

Zach Like I mentioned on Jonathan Twombly post, we are planning to cash out all our properties this year which should leave us with $340k in our pockets by the end of the year, with that money we are going to buy my parents house hopefully by next month (we got so lucky that they want to sell, it's in bad shape and my parents don't want to invest in it, they don't want anything to do with real estate) we offered to buy it for as is value which is $100k and they accepted but we will end up paying around $110k because we took over there mortgage payment of $960 this month will be our 3rd month paying their mortgage and hope to be the last one because our house should be ready real soon to put up for sale in our area houses are under contract in about 15 days so fingers crossed.

What are the cross streets for the property?

On form 22A (financing contingency) on number 2 in the first sentence, the buyer's agent crossed out the language "after mutual acceptance" and replaced it with "after form 22B is removed" (the buyer's home sale contingency form).

I've already learned some very important things and I'm excited about this little adventure that will help me when I DO buy my own multi- family house (fingers crossed) But I'm also scared that I'm going to mess things up. 

Often times high touch servicing doesn't report to the credit agency, creating a longer bridge to cross.  

Rebo has tax defaults in my area, and that looks mostly accurate from the few I've looked and cross referenced with the county site.